Fortune Shoes Balance Sheet Health
Financial Health criteria checks 3/6
Fortune Shoes has a total shareholder equity of BDT2.5B and total debt of BDT485.9M, which brings its debt-to-equity ratio to 19.7%. Its total assets and total liabilities are BDT3.2B and BDT740.5M respectively. Fortune Shoes's EBIT is BDT163.4M making its interest coverage ratio 2.6. It has cash and short-term investments of BDT203.2M.
Key information
19.7%
Debt to equity ratio
৳485.87m
Debt
| Interest coverage ratio | 2.6x |
| Cash | ৳203.17m |
| Equity | ৳2.47b |
| Total liabilities | ৳740.49m |
| Total assets | ৳3.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FORTUNE's short term assets (BDT2.3B) exceed its short term liabilities (BDT586.3M).
Long Term Liabilities: FORTUNE's short term assets (BDT2.3B) exceed its long term liabilities (BDT154.2M).
Debt to Equity History and Analysis
Debt Level: FORTUNE's net debt to equity ratio (11.5%) is considered satisfactory.
Reducing Debt: FORTUNE's debt to equity ratio has increased from 0.6% to 19.7% over the past 5 years.
Debt Coverage: FORTUNE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FORTUNE's interest payments on its debt are not well covered by EBIT (2.6x coverage).